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Amendment to PPA of 2006


joel
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In its original form the PPA of 2006 mandated that effective January 1, 2009 a governmental plan may NOT credit its members' fixed return accounts with more than a risk free market rate of return. This requirement was repealed in December 2008. I need the legislative language that made the requirement and the language that repealed it.

Many Thanks,

Joel L. Frank

Pension Columnist

The Chief-Civil Service Leader

277 Broadway

NYC 10007

732-536-9472

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